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ARTICLE · 13 OCTOBER 2025

Whistle While You Work – Court Awards $5.4M For OSC Whistleblower

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In McPherson v. Global Growth Assets Inc, the Court found that the termination of a senior executive was an act of retaliation for raising compliance concerns.

CanadaEmployment and HR
Ben Grondin
Ben Grondin
Jordan Epstein
Jordan Epstein
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The Ontario Superior Court has released the first judicial interpretation of the anti-reprisal provisions of Ontario's Securities Act.

In McPherson v. Global Growth Assets Inc, the Court found that the termination of a senior executive was an act of retaliation for raising compliance concerns. This landmark ruling offers critical guidance regarding the scope of whistleblower protections and the significant risks associated with retaliatory conduct.

Background

Ian McPherson served as the CEO of Global Growth Assets Inc. and Global RESP Corporation ("Global"), an investment fund management firm. He also held the position of Ultimate Designated Person, responsible for ensuring Global's compliance with Ontario securities laws. In that capacity, Mr. McPherson was tasked with leading the firm's compliance efforts after sanctions were imposed on Global and its founder.

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